Raycloud(SH:688365)2025-04-25 12:40Key Financial Data In Q1 2025, the company's revenue grew 2.78% to CNY 115 million, net loss narrowed, and operating cash flow significantly increased to CNY 19.11 million | Metric | Current Period (Q1 2025) (CNY) | Prior Year Period (Q1 2024) (CNY) | Year-over-Year Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 114,887,403.10 | 111,785,261.40 | 2.78% | | Net Profit Attributable to Shareholders of Listed Company | -12,950,886.07 | -14,760,748.38 | N/A | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Items) | -13,276,312.53 | -15,178,171.70 | N/A | | Net Cash Flow from Operating Activities | 19,110,029.11 | 4,285,978.40 | 345.87% | | Basic Earnings Per Share | -0.03 | -0.03 | N/A | | Total R&D Investment | 37,033,753.27 | 38,002,797.78 | -2.55% | | R&D Investment as % of Revenue | 32.23% | 34.00% | decreased by 1.76 percentage points | - Net cash flow from operating activities significantly increased by 345.87% year-over-year, primarily driven by stable sales collection from the company's large merchant e-commerce SaaS product series, which improved and enhanced net cash flow from operations7 - Total non-recurring gains and losses for the current period amounted to CNY 325,426.46, primarily including government grants and investment income from wealth management products67 Shareholder Information As of the reporting period end, the company had 17,754 common shareholders, with a stable top ten shareholder structure led by Hangzhou Guangyun Investment Co., Ltd. as the controlling shareholder and Tan Guanghua as the second largest shareholder and actual controller - As of the end of the reporting period, the company had a total of 17,754 common shareholders9 | Shareholder Name | Shareholding Percentage (%) | Number of Shares Held (Shares) | | :--- | :--- | :--- | | Hangzhou Guangyun Investment Co., Ltd. | 36.24 | 154,320,840 | | Tan Guanghua | 10.25 | 43,632,810 | | Hainan Qiyu Enterprise Management Partnership (Limited Partnership) | 6.68 | 28,450,843 | | Hangzhou Huaying Investment Partnership (Limited Partnership) | 6.53 | 27,823,630 | | Hangzhou Huacai Enterprise Service Partnership (Limited Partnership) | 0.79 | 3,353,527 | - Key shareholder relationships: Tan Guanghua is the controlling shareholder and actual controller of Hangzhou Guangyun Investment Co., Ltd., and also the executive partner of Hangzhou Huaying Investment Partnership (Limited Partnership) and a limited partner of Hangzhou Huacai Enterprise Service Partnership (Limited Partnership)11 Quarterly Financial Statements These unaudited quarterly financial statements show total assets increased by 4.65% and total liabilities by 13.64%, with revenue slightly up, net loss narrowing, and operating cash flow significantly improving Consolidated Balance Sheet As of March 31, 2025, total assets reached CNY 1.678 billion, up 4.65%, driven by cash and accounts receivable, while total liabilities increased 13.64% to CNY 739 million | Item | March 31, 2025 (CNY) | December 31, 2024 (CNY) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 1,677,748,776.56 | 1,603,256,120.23 | 4.65% | | Cash and Cash Equivalents | 244,366,829.81 | 221,147,985.31 | 10.50% | | Accounts Receivable | 85,261,873.84 | 62,575,566.49 | 36.25% | | Total Liabilities | 738,534,498.20 | 649,905,474.09 | 13.64% | | Short-term Borrowings | 186,541,237.13 | 166,433,418.34 | 12.08% | | Contract Liabilities | 236,320,250.09 | 190,476,272.01 | 24.07% | | Total Equity Attributable to Parent Company Owners | 944,330,448.65 | 956,250,133.87 | -1.25% | Consolidated Income Statement In Q1 2025, total operating revenue increased 2.78% to CNY 115 million, with operating costs decreasing but selling expenses rising, resulting in a narrowed net loss of CNY 12.95 million | Item | Q1 2025 (CNY) | Q1 2024 (CNY) | Year-over-Year Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 114,887,403.10 | 111,785,261.40 | 2.78% | | Total Operating Costs | 132,819,682.92 | 128,839,720.58 | 3.09% | | Operating Costs | 37,796,795.02 | 40,717,237.32 | -7.17% | | Selling Expenses | 44,485,586.57 | 39,064,059.56 | 13.88% | | Research and Development Expenses | 27,238,187.77 | 27,470,450.76 | -0.85% | | Operating Profit | -14,853,529.78 | -16,898,133.91 | Loss narrowed | | Net Profit Attributable to Parent Company Shareholders | -12,950,886.07 | -14,760,748.38 | Loss narrowed | Consolidated Cash Flow Statement In Q1 2025, net cash flow from operating activities significantly improved to CNY 19.11 million, while net cash outflow from investing activities decreased, and net cash inflow from financing activities increased | Item | Q1 2025 (CNY) | Q1 2024 (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 19,110,029.11 | 4,285,978.40 | | Net Cash Flow from Investing Activities | -28,851,136.06 | -53,872,974.33 | | Net Cash Flow from Financing Activities | 33,623,091.21 | 15,283,223.96 | | Net Increase in Cash and Cash Equivalents | 23,882,606.82 | -34,302,431.80 | | Cash and Cash Equivalents at Period End | 253,951,910.93 | 266,220,291.63 |